These Startups Raised Millions Before Ever Releasing Products

Avatar Posted by lyceum under Startups
From http://smallbiztrends.com 3438 days ago
Made Hot by: PMVirtual on June 21, 2015 1:15 pm
When trying to get funding for small businesses, it helps if you have a product that you’ve demonstrated the ability to sell successfully. But as some tech startups have shown recently, that’s no longer an actual requirement.
Buzzy tech companies like Magic Leap, a virtual reality startup, have been able to raise hundreds of millions of dollars from major investment firms before ever releasing a product, or even much information, to the public.





Comments


Written by lyceum
3436 days ago

Back in the day, it was Boom.com. Do you remember this crash-and-burn company?



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